News
Avante Security and Aztech Associates Reach Agreement
April 20, 2009
Avante Security and Aztech Associates Reach Agreement
to Integrate Energy Management Systems
Ø Energy Management Solution enhanced by bringing together two leading-edge made-in-Ontario technologies
TORONTO, April 21, 2009 – Avante Security Corp. (TSXV: ASY) (“Avante”) and Aztech Associates Inc. (“Aztech”) are pleased to announce they have signed a Memorandum of Understanding. Under the terms of the agreement, Avante and Aztech will integrate their respective exclusive technologies into current product lines to offer a comprehensive home automation and energy management solution. Aztech specializes in conservation and demand management accessories for the utilities industry and remote monitoring and control, utilizing terrestrial and satellite wireless systems, which can integrate seamlessly with major meter manufacturers' devices for In-Home Displays (IHD). Under the agreement, both Avante and Aztech are committed to develop a portable in-home display for the Avante smartboxx Energy Manager solution.
“This agreement brings two leading-edge technologies together to develop a made-in-Ontario energy management solution that is ground-breaking in the industry,” said Emmanuel Mounouchos, President and CEO. “Avante has been searching for a reliable in-home display option for some time to complement its Avante smartboxx platform, and the Aztech IHD meets our specific requirements.”
“We are very excited to partner with Avante to extend the Aztech In-Home Display solution to our utility partner base,” added Geoff Salter, CEO of Aztech. “We believe the Avante smartboxx and the Energy Manager technology provides our utility partner with an attractive electricity and natural gas management solution.”
The Avante smartboxx family of technologies is the latest advance in true, two-way, interactive wireless automation. The Avante smartboxx platform is a significant technology upgrade to its currently deployed patent-pending 724Smart WIP™. This latest release includes expanded functionality with a full range of extended automation and energy management features. The Avante smartboxx “anywhere, anytime” remote monitoring and control technology hardware uses GSM, SMS and GPRS networks to interact and communicate.
The Avante smartboxx family of technologies includes: the Energy Manager, Server Room Protection Manager, Family Help Button, and Flood Protector, along with the complete Home Manager Solution. Mobile devices interact with energy infrastructure such as electricity, gas and water metering, HVAC equipment controls, and electric load management. Your home is automatically placed in energy conservation mode when you activate your security system.
The Aztech In-Home Display communicates wirelessly with smart meters, and combines the novel use of light patterns and graphical displays to provide homeowners with electricity usage and cost information to better manage their utility consumption. This direct and immediate feedback is imperative to raising energy awareness, empowering families to conserve energy, save money and protect the environment.
About Avante Security Corporation
Over the past thirteen years, Avante has built its reputation as Toronto’s preeminent security company by providing premium security services through the use of advanced technology and a focus on client service. Trademarked 724Smart WIP™, the Company’s proprietary technologies provide “anywhere, anytime” two-way wireless communication to any electronic device. Originally developed for wireless security applications, the technology’s open architecture provides a platform for expanded functionality, and the Company is now positioned to exploit the growing worldwide opportunities in energy management and metering applications and home automation and remote video monitoring, among others.
Additional information relating to Avante is available on SEDAR at www.sedar.com, and on the Company’s website at www.avantesecurity.com.
About Aztech Associates Inc.
Established in 1993, Aztech Associates Inc. enjoyed early success with global customers by specializing in the design of embedded low power systems featuring wireless technology. The company achieved international acclaim after developing a remote satellite tracking system which allowed clients to monitor the precise location and status of railway cars. Aztech then expanded the system for the oil and gas exploration and shipping industries to monitor the temperature of refrigerated cargo containers, the course and speed of ships, and the amount of fuel in an individual truck. Aztech now specializes in energy conservation and demand management (CDM) products for the home, and has rapidly become one of North America's leading designers and manufacturers of simple-to-use smart grid accessories for complete Home Area Network (HAN) energy management. Aztech Associates Inc. is headquartered in Kingston, Ontario, and also has offices in Annapolis, Maryland. For more information, please visit Aztech’s website at www.aztechinc.com.
For further information, please contact (for Avante):
Leland Verner, Chairman Emmanuel Mounouchos, President & CEO
416.823.7474 416.923.6984x224
lelandv@avantesecurity.com manny@avantesecurity.com
416.823.7474 416.923.6984x224
lelandv@avantesecurity.com manny@avantesecurity.com
For Aztech Associates:
Geoff Salter, President Gardner McBride, Vice President
613.384.9400x24 613.384.9400x31
The TSX Venture Exchange Inc. has not reviewed and does not accept responsibility for the adequacy or accuracy of this release. The TSX Venture Exchange Inc. has in no way passed upon the merits of the proposed transaction, and has neither approved nor disapproved of the contents of this release.
Avante Security and Aztech Associates Reach Agreement
to Integrate Energy Management Systems